Difference Between Contract Management and Contract Administration
This 4-slide presentation by LDM Global explores the key distinctions between Contract Management and Contract Administration. It begins by defining both conceptsu2014Contract Management as a strategic function focused on performance and compliance
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Difference Between Contract Management and Contract Administration Understanding the Distinctions That Drive Contract Success Presented by: LDM Global
What is Contract Management vs. Contract Administration? Contract Management focuses on overseeing a contract from initiation through completion, ensuring performance, compliance, and value. It involves strategic planning, risk management, and relationship monitoring. Contract Administration, on the other hand, deals with the logistical and clerical aspects of a contract. This includes drafting, record-keeping, and coordinating signatures and amendments. Contract Management professionals ensure that the contract delivers what was agreed upon, while administrators ensure documentation and execution are handled properly.
Core Differences Between Contract Management and Administration Contract Administration Contract Management Aspect Focus Execution of contract documents Performance, compliance, and optimization Role Timing Early to mid-contract lifecycle
Why Understanding the Difference is Crucial Recognizing the difference improves contract performance, reduces risk, and promotes accountability. LDM Global emphasizes efficient Contract Management supported by strong administrative processes. By separating these roles clearly, organizations improve compliance, reduce errors, and unlock greater value from their agreements. Proper Contract Management transforms legal documents into performance drivers, ensuring organizational goals are met effectively.
